Which are the fastest growing companies in Eastern Europe?

Poland is a home of the largest number of the fast growing companies in Eastern Europe according to the FT1000 list. / Photo: ewtranslation.co.uk

Nowhere in the world have expectations for (economic) growth changed so rapidly and positively as in Central and Eastern Europe. This is how prominent Financial Times (FT) explains the positive economic change that happened in Eastern Europe over the last few years.

Given the fact that Eastern countries showed the highest economic growth within EU, Superfounders give you the driving power behind that success.

Actually, just a few days ago, the FT in cooperation with Statista published a list of the 1000 fastest growing companies in Europe. And while the eyes of the rest of the world are on the leading companies in Europe, Superfounders gives the spotlight to the fastest growing companies in Eastern Europe.

We outline the startups and companies in Eastern Europe that achieved the highest compound annual growth rate in revenue between 2013 and 2016, thus singling out the unicorns and prosperous companies that helped with job creation and drove the domestic economic growth in the eastern part of Europe.

Not surprisingly, same as in whole Europe, in Eastern Europe as well, technology is the sector that tops the list, followed by advertising, gaming industry, e-commerce, cybersecurity, construction; and Poland seems to be the greatest host of these super growing companies (hosting half of the companies that made on the list) chased by Czech Republic, Croatia, Hungary, Bulgaria and Estonia.

Czech STRV team. STRV is the fastest growing company in Eastern Europe / Photo: Foreigners.cz

And while Poland is a home to the largest number of the fastest growing companies in Eastern Europe, Czech STRV leads the way as the fastest growing company in this region. STRV is a top-tier, one-stop mobile app development shop working with leading startups from top US accelerators. Since 2004, they have developed more than 200 mobile apps for iOS and Android as well as frontend and backend solutions.

When it comes to employee growth, Bulgarian BULPROS Consulting is on top adding 868 employees to the company, followed by Czech Moravia and Czech ZOOT Group creating 605 and 530 job positions respectively.

The highest average growth rate in Eastern Europe is 243% (that of STRV), whereas the lowest is 37.30% (Czech Flowmon Networks).

Below see the list of the companies that make a change in Eastern Europe.

 

Rank Name Country Industry CAGR 2013-2016 Revenue 2016 (‘000 €) Employees 2016 Founded
403 Bulpros Consulting Bulgaria Technology 70% 16,734 1,083 2010
488 Nanobit Croatia Games industry 62.70% 7,449 67 2008
508 Infinum d.o.o. Croatia Technology 61.30% 2,692 78 2005
144 Rimac Automobili Croatia Automobiles 112.10% 5,873 164 2009
19 STRV Czech Republic Technology 243% 5,795 150 2009
192 ZOOT Group Czech Republic Retail 101.10% 26,267 700 2012
826 Moravia Czech Republic Support Services 41.60% 143,807 1,215 1990
932 Flowmon Networks Czech Republic Cyber Security 37.30% 5,598 51 2007
178 EFC Norge Estonia Construction 103.50% 8,117 118 2011
132 Attrecto Hungary Technology 115.60% 2,580 47 2011
103 Supercharge Hungary Technology 130.50% 2,185 36 2010
26 Benhauer Poland Technology 225.90% 6,067 259 2011
30 Tooploox Poland Technology 212.20% 3,019 72 2012
46 RTB House Poland Technology 183% 18,573 184 2012
49 CodiLime Poland Technology 179.20% 8,764 200 2011
51 CD PROJEKT Poland Games industry 178.40% 133,909 214 1994
53 Codewise Poland Advertising 172.50% 43,752 92 2011
60 Cloud Technologies Poland Technology 164.80% 11,105 51 2011
293 Enpire Poland Transport 81.70% 4,844 55 2011
322 Sarigato sp. z. o.o. Poland Advertising 78.50% 2,290 42 2011
331 Grupa TENSE Poland Advertising 77.30% 1,731 60 2011
362 STX Next Sp. Zo.o Poland Technology 74.10% 8,233 246 2005
378 Monterail Poland Technology 72.50% 1,911 36 2010
466 Netguru Poland Technology 64.50% 6,460 206 2008
480 10Clouds Poland Technology 63% 3,036 87 2011
549 Predica Sp. z o.o. Poland Support Services 58.40% 3,932 50 2009
565 Miquido Sp. z o.o. Sp.k. Poland Technology 57.20% 2,260 72 2011
763 i-systems Poland Ecommerce 44.40% 2,090 86 2002
880 Motivation Direct Poland Sales & Marketing 39.50% 3,724 15 2010

LEAVE A REPLY